It is important because it does not balance on a yearly basis, but rather on economy cycles. This means that budget deficits and surpluses are accounted for in the budget according to what economic cycle the country is in. That's why the definition of surplus and deficit changes depending on how successful the economy is.
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Answer:
competition for resources
Explanation:
Horace Mann was an American education reformer and a politician who was dedicated to promoting public education. He believed that for the survival of democracy people needed to be active and get education in order to become active citizen. According to him education was an important institution for Americans since educated citizens participate in the government and keep democracy alive.